NNRF, Inc. Announces Appointment of New Chairman of the Board of Directors and Corporate Secretary
April 23 2009 - 3:20PM
Business Wire
NNRF, Inc. (OTC PinkSheets: NNRI).
As of March 2nd 2009 J. Holt Smith resigned as President and
Director and Lawrence McQuade resigned as a Director of NNRF, Inc.
and Kevin Kading was appointed Director and Chairman of the Board
and Lawrence Adams has been appointed to the position of Corporate
Secretary effective immediately.
Mr. Smith stated that he and Mr. McQuade believe that it is in
the best interests of the shareholders of NNRF for their
resignations and appointing Kevin Kading as the Chairman of the
Board.
Mr. Kading stated that he would do everything in his power to
attempt to bring NNRF�s SEC filings current and begin the
re-building process of NNRF with the goals of developing a
successful business and of restoring, as best as possible,
shareholder value.
Mr. Kading has been on Wall Street since the late 1970�s and has
been instrumental in many restructurings and turnaround situations.
He is Founder, President and Chairman of the Board to a publicly
traded company that specializes in identifying and acquiring
technologies. He then will build companies around the technology
that he believes will penetrate multi-billion dollar global
markets, where the technology has a unique conducive application
and are potentially cost competitive. �I am looking forward to the
opportunity to assist in the re-building of NNRF into a viable
business opportunity�, stated Mr. Kading.
About NNRF, Inc. NNRF provides technologies, either owned or
licensed, that are intended for use in nuclear facilities, nuclear
and hazardous waste management, and the public health sector.
Forward-Looking Statements
The foregoing, including any discussion regarding the Company's
future prospects, contains certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements involve numerous risks and uncertainties,
including, but not limited to risks and uncertainties associated
with economic conditions in the telecommunications industry,
particularly in the principal industry sectors served by the
Company; risks and uncertainties inherent in the operation of
businesses outside the United States; changes in customer
requirements and in the volume of sales to principal customers; the
ability of the Company to assimilate acquired businesses and to
achieve the anticipated benefits of such acquisitions; competition
and technological change; and the ability of the Company to control
operating costs and maintain satisfactory relationships with
existing and potential vendors. The Company's actual results of
operations may differ significantly from those contemplated by any
forward-looking statements as a result of these and other factors,
including factors that may be set forth in the Company's
anticipated filings with the Securities and Exchange
Commission.
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